-The Telegraph The economy remains vulnerable to headwinds The shortfall in economic growth in the April-June quarter against rosier predictions of most, including the central Bank, came as a surprise.Few anticipated the gap between expected and actual performance would be as much (2.5-3 percentage points). It has prompted a tide of downward revisions for the whole year; these follow a previous round, two months ago, due to inflation, higher interest rates, and...
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Was ethanol the reason for the Ban on broken rice exports -Raju Sajwan and Shagun
-Down to Earth A look at official data shows that the allocation of Food Corporation of India rice for ethanol was drastically increased in 2021-22, as compared to 2020-21. But the government has now put restrictions due to low production The Narendra Modi government imposed restrictions on the export of broken rice September 8, 2022. A number of theories are doing the rounds as to why the government did this, including a...
More »Retail inflation inches up to 7% in August led by food price rise
-The Hindu The RBI has estimated a 7.1% inflation rate for the July to September quarter India’s retail inflation touched 7% in August, up from 6.71% in July, fuelled by a 7.62% pick-up in food prices paid by consumers, even as industrial production growth in July had dropped to the lowest level since April at just 2.4%, with output levels dropping 2.75% month-on-month. This is the eighth successive month that retail inflation...
More »100-Day Employment Scheme: Ashok Gehlot's Job Push Ahead Of Rajasthan Polls
-PTI/ NDTV.com Calling the launching of the Indira Gandhi UrBan Employment Scheme historic, Ashok Gehlot said any family that wants to increase their income at a time of high inflation could seek jobs under it. Jaipur: Rajasthan Chief Minister Ashok Gehlot on Friday launched a scheme on the lines of the MGNREGA to provide 100 days of employment to families in urBan areas. Calling the launching of the Indira Gandhi UrBan Employment Scheme...
More »India imposes export curbs on rice as domestic prices rise & paddy area shrinks -Sayantan Bera
-ThePrint.in Twenty per cent export tax on several varieties of rice. 'Circumstances exist which render it necessary to take immediate action', says revenue dept notification. New Delhi: India, the world’s largest exporter of rice, Thursday imposed a 20 per cent export tax on several varieties of rice in a bid to tame domestic prices. According to a notification issued by the department of revenue, all export of paddy (unmilled rice), brown rice and...
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